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Goodmortgage Review 2022

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At a glance


NMLS: 2917

State License: MC-436


Rating: 3.7 stars out of 5
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Bankrate Score

Mortgage Percent

Loans offered

Conventional, jumbo, FHA, VA, USDA, fixed-rate, adjustable-rate; rate-and-term, cash-out and streamline refinancing; home equity loan; non-QM loan


Nationwide Availability

Available in all U.S. states except Hawaii and New York

Credit Good

Min. credit score required

620 for conventional loans; 680 for jumbo loans; 580 for FHA loans; 580 for VA loans; 620 for USDA loans; 620 for non-QM loans

Pros and cons

Checkmark Pros

  • Programs for borrowers with slim credit
  • Low-down payment loan programs
  • Offers non-qualified mortgage (non-QM) loans
  • Fast loan closing times
  • Free rate quote online

Close X Cons

  • Doesn't offer immediate online approval; you have to speak to a loan officer
  • Doesn’t publish lender fees on its website
  • No brick-and-mortar locations

Goodmortgage overview

Editor's note: As of the end of June 2022, First Guaranty Mortgage Corporation is no longer accepting new mortgage applications, according to multiple reports. Borrowers can no longer initiate a loan application through the Goodmortgage website. For more options in your state, visit Bankrate's lender reviews page.

Good for

Borrowers looking for a convenient online experience and to explore the full suite of loan products

Loan types 

  • Conventional
  • Jumbo
  • FHA
  • VA
  • USDA
  • Fixed-rate
  • Adjustable-rate
  • Rate-and-term, cash-out and streamline refinancing
  • Home equity loan
  • Non-QM loan

Lender fees

Goodmortgage does not charge lender fees.


Goodmortgage’s rates are not publicly advertised on the lender’s website, but you can get a free rate quote after filling out contact information online and speaking with a loan officer.

Online services 

Borrowers can get a prequalification or preapproval, a free rate quote and apply for a purchase loan or refinance through the Goodmortgage website, but must fill out a contact information form to start. After receiving this information, a loan officer will reach out to answer any questions, provide a quote or help create a plan. Borrowers apply for a loan through the lender’s GO portal, where they can lock in their rate, e-sign initial disclosures and check the status of their loan. Goodmortgage also offers a variety of calculators online, including a rent versus buy, affordability, monthly payment and investment property, that can help borrowers weigh different scenarios.

Minimum borrower requirements

Goodmortgage generally follows Fannie Mae’s underwriting guidelines for conventional mortgages, which require that borrowers have a credit score of 620 or better, a down payment of at least 5 percent and a debt-to-income (DTI) ratio of at least 43 percent. For HomeReady and Home Possible conventional mortgages, borrowers can put down as little as 3 percent.

An FHA loan through Goodmortgage requires a 580 credit score or better and a down payment of at least 3.5 percent. In general, you’ll need a DTI ratio of 50 percent or lower. VA and USDA loans don’t have a down payment requirement, but the lender looks for a minimum credit score of 580 for a VA loan and 620 for a USDA loan.

For jumbo loans, Goodmortgage requires at least a 680 credit score, which is lower than what many other lenders mandate. Non-QM products allow for a credit score as low as 620.

Refinancing with Goodmortgage 

Goodmortgage’s refinance rates and costs are not available on the lender’s website, but you can reach out to obtain a quote by filling out a contact information form and speaking with a loan officer. Goodmortgage offers several refinancing options, such as rate-and-term and cash-out refinancing, FHA streamline refinancing, VA Interest Rate Reduction Loan (IRRRL) and USDA streamline assist refinancing.

Not sure if Goodmortgage is right for you? Consider these alternatives

Breakdown of Goodmortgage overall review score 

  • Affordability: 3/5
  • Availability: 3.8/5
  • Borrower experience: 4.3/5

Review methodology 

To determine a mortgage lender’s Bankrate Score, Bankrate’s editorial team rates lenders on a scale of one to five stars based on a variety of factors relating to the lender’s products and services. Bankrate’s partners compensate us, but our opinions are our own, and partner relationships do not influence our reviews. Here is our full methodology.

Goodmortgage consumer reviews


NMLS: 2917

State License: MC-436


Rating: 4.1 stars out of 5

9 reviews

5 stars
4 stars
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About consumer ratings

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Customer service rating

Rating: 4.3 stars out of 5
Level of service
Rating: 4.1 stars out of 5
Rating: 4.3 stars out of 5
Rating: 4 stars out of 5

78% of reviews would recommend this lender

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Written by

Josephine Nesbit

Josephine Nesbit is a former contributor to Bankrate.

Edited by

Suzanne De Vita

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Mortgage editor